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Real Estate Portfolio is the recipient of the 2006 SNAP EXCEL Gold Award for Single Topic Issue

features
The Dawning of Derivatives
REIT and real estate derivatives are introduced as a new financial tool in the real estate world
New Piece of the [Debt] Puzzle
REITs are turning to convertible bonds as an attractive capital solution A Simple Recipe
EastGroup Properties has focus and location as their main ingredients Full Speed Ahead
The start of the U.K. REIT industry The Land of the Rising REITs
The J-REIT market has taken off. Here is what’s ahead
cover


TAKING STOCK
REITs' Investment Proposition

EDITOR'S DESK
More choices, better options

DEVELOPMENTS
Double or nothing; Callahan collects capital; Crescent's pure strategy; Blackstone enters the ring; Index evolution; Alpine creates Global Premier Properties fund; Transactions in season

FOUR QUICK QUESTIONS
With UBS Investment Bank's Jackson Hsieh

ONE-ON-ONE
With Home Properties' Edward Pettinella

INTERNATIONAL FORUM
Canadian REITs seek to move closer to the U.S. model

SECTOR SPOTLIGHT
Retail sector continues its winning streak

SOLID FOUNDATIONS
The Embarcadero Center helps anchor San Francisco

CAPITAL MARKETS
Q&A with Mark Decker

FROM THE RESEARCH DESK
When should you buy; REIT corporate governance is reflected in share prices; REIT transparency translates to stronger growth; REIT volatility declining

PROFESSIONAL PERSPECTIVES
What's in the cards for 2007?

REIT REPORT
Q&A with Kevin Christenson and Jeremy Banoff

FUND FOCUS
Profile of Michael C. Torres, Adelante U.S. Real Estate Securities Fund

NAMES TO NOTE
People making news and moves in the REIT and publicly traded real estate industry

IN CLOSING
REIT Era 2.0


Real Estate Portfolio® is the magazine for REITs and real estate investment.

It is published bimonthly by the National Association of Real Estate Investment Trusts® (NAREIT),
1875 I Street, NW, Suite 600, Washington, DC 20006–5413.
Phone 202-739-9400.